About Sigma Electric
Sigma Electric is an Industrial Goods & Manufacturing company based in Pune (India) founded in 1996, and was acquired by Argand Partners in October 2016. Precision metal components and castings are manufactured for diverse industries. Sigma Electric has completed 2 acquisitions, including Avalon Precision Metalsmiths and Tooling Dynamics. Its Indian entity Sigma Electric Manufacturing Corporation Private Limited reported revenue of βΉ1,585 Cr. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
Manufacturer of precision metal components and castings for diverse industries. It designs, builds, sources, and delivers custom-made products and solutions. The company offers a vertically integrated approach, encompassing casting (high-pressure die casting, sand casting, gravity die casting, investment casting), precision metal stamping, and Swiss screw machining. Additional services include custom tooling, machining, surface finishing, and special purpose machine design and development. These capabilities support various sectors, including automotive, aerospace, electronics, and medical. The firm provides comprehensive supply chain management, aiming for rapid turnaround times.
- Headquarters Pune, India
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Website sigmaelectric.com
- Social LinkedIn
- Acquired by Argand Partners (Oct 2016)
- Legal Name Sigma Electric Manufacturing Corporation Private Limited
- Date of Incorporation 19 Aug, 1996
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹1,585 Cr
FY 2023 · +7% YoY
- Net Profit₹75.58 Cr
FY 2023
- EBITDA₹170 Cr
FY 2023 · 11% margin
- InvestorsGoldman Sachs
& 1 more
- Investments & AcquisitionsAvalon Precision Metalsmiths
& 1 more
- Acquired by
Associated legal entities of Sigma Electric
Sigma Electric operates through Sigma Electric Manufacturing Corporation Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sigma Electric Manufacturing Corporation Private Limited CIN U31909PN1996PTC101929 | Amalgamated | 19 Aug 1996 | Pune, Maharashtra | ₹1,585 Cr | 932 | 11 | View details |
Investors in Sigma Electric
Sigma Electric has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs and Argand Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Argand Partners is engaged in building global growth platforms. | argandequity.com | New York, United States |
Investor details for Sigma Electric
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Board of directors of Sigma Electric Manufacturing Corporation Private Limited (Sigma Electric)
Sigma Electric Manufacturing Corporation Private Limited is the primary company behind Sigma Electric. The board of Sigma Electric Manufacturing Corporation Private Limited currently have 10 directors; the longest-serving is Viren Ajit Joshi, appointed in 2012. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Viren Ajit Joshi DIN 01331107 | Director | 18 Jun 2012 | 14 yrs 4 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Kirankumar Yashvantray Acharya DIN 02738580 | Director | 18 Jun 2015 | 11 yrs 4 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Samir Purushottam Inamdar DIN 00481968 | Additional Director | 01 Feb 2017 | 9 yrs 9 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Joseph Gerard Del Toro DIN 07590354 | Additional Director | 01 Feb 2017 | 9 yrs 9 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Heather Lynne Faust DIN 07772569 | Additional Director | 29 Mar 2017 | 9 yrs 7 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Tariq Abdalla Mohamed Osman DIN 07750283 | Additional Director | 29 Mar 2017 | 9 yrs 7 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Thomas Kerr Armstrong Jr DIN 07779239 | Additional Director | 29 Mar 2017 | 9 yrs 7 mo | Sigma Electric Manufacturing Corporation Private Limited |
| William Thompson Tolley DIN 07778057 | Additional Director | 29 Mar 2017 | 9 yrs 7 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Joyce Demonteverde Schnoedl DIN 07764149 | Additional Director | 29 Mar 2017 | 9 yrs 7 mo | Sigma Electric Manufacturing Corporation Private Limited |
| Niteen Ganesh Inamdar DIN 03058146 | Additional Director | 05 May 2017 | 9 yrs 6 mo | Sigma Electric Manufacturing Corporation Private Limited |
Financials of Sigma Electric
Figures of Sigma Electric Manufacturing Corporation Private Limited, the primary company behind Sigma Electric, for FY 2023. Revenue was ₹1,585 Cr (+7% year on year). Net profit was ₹75.58 Cr. EBITDA was ₹170 Cr (11% margin). Revenue has grown at a compounded annual rate of +12% over three years and +12% over five years.
- ₹1,585 CrRevenue · FY 2023 · +7% YoY
- ₹75.58 CrNet profit
- ₹170 CrEBITDA · 11% margin
- ₹1.84 CrPaid-up capital
- 932Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sigma Electric Manufacturing Corporation Private Limited are on its company page.
Detailed financial statements for Sigma Electric
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Investments & Acquisitions by Sigma Electric
Sigma Electric has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Avalon Precision Metalsmiths and Tooling Dynamics.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Metal stamping products are manufactured in York, United States. | toolingdynamics.com | York, United States | 1982 | Dec 2019 | β’β’β’β’ | |
Precision metal parts are manufactured and supplied to various industries. | avalon-castings.com | Cleveland, United States | 1986 | Aug 2019 | β’β’β’β’ |
Complete acquisition details for Sigma Electric
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Timeline of Sigma Electric
5 dated milestones of Sigma Electric across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Sigma Electric is founded.
- Exit Acquired by Goldman Sachs.
- Exit Acquired by Argand Partners.
- Acquisition Acquires Avalon Precision Metalsmiths.
- Acquisition Acquires Tooling Dynamics.
Web traffic of Sigma Electric
Websites that share an audience with Sigma Electric (sigmaelectric.com).
Websites whose visitors overlap most with Sigma Electric. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| flambeau.com | 100% | #3,999,281 | View details | ||
| emcpower.com | 99% | 1.5K | #9,926,688 | View details | |
| blendedwaxes.com | 98% | #1,855,273 | View details | ||
| wheatland.com | 98% | 14.3K | #1,818,539 | View details |
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Sigma Electric (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 43 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Related news about Sigma Electric
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Frequently Asked Questions about Sigma Electric
Sigma Electric was founded in 1996.
Sigma Electric is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Sigma Electric, Sigma Electric Manufacturing Corporation Private Limited, reported revenue of βΉ1,585 Cr for FY 2023, up 7% year on year.
Manufacturer of precision metal components and castings for diverse industries. It designs, builds, sources, and delivers custom-made products and solutions. The company offers a vertically integrated approach, encompassing casting (high-pressure die casting, sand casting, gravity die casting, investment casting), precision metal stamping, and Swiss screw machining. Additional services include custom tooling, machining, surface finishing, and special purpose machine design and development. These capabilities support various sectors, including automotive, aerospace, electronics, and medical. The firm provides comprehensive supply chain management, aiming for rapid turnaround times.
Sigma Electric has made 2 acquisitions, including Avalon Precision Metalsmiths, and Tooling Dynamics.
Sigma Electric has 2 investors. Key investors include Goldman Sachs, and Argand Partners.
Sigma Electric operates through Sigma Electric Manufacturing Corporation Private Limited.
Yes. Sigma Electric was acquired by Argand Partners in October 2016.
The legal entities of Sigma Electric currently have 10 directors, including Samir Purushottam Inamdar, Kirankumar Yashvantray Acharya, Viren Ajit Joshi and others.

